What you need to know about tax changes in Germany in 2020 - News Summed Up

Trending Today


What you need to know about tax changes in Germany in 2020


Basic allowance for income tax increasesFrom January 1st 2020, single people will have a higher basic rate exemption from income tax. READ ALSO: The ultimate guide to paying taxes in GermanyChild tax-free allowance (Kinderfreibetrag) increasesPhoto: DPAThe tax-free allowance for parents with children (Kinderfreibetrag) will rise in 2020 to €5,172. When income tax is paid, the tax office automatically checks which allowance pays more for parents. Spouses and registered partners can declare €1,639 in their income tax return, says the Taxpayers' Association. Housing allowance is available to low-income tenants and owner-occupiers under certain conditions.


Source: The Local December 23, 2019 12:33 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */